Analysis: Why Uber & Lyft Rides Got So Expensive

According to Rakuten Intelligence, the cost of a ride from a ride-sharing app like Uber or Lyft increased 92% between January of 2018 and July of 2021. Many riders have also noticed increased wait times for rides, and a recent driver shortage is likely to blame. In early July 2021, Uber and Lyft drivers were about 40% below capacity. The companies have taken notice of this driver shortage, and are investing millions worth of bonuses and base rates to convince drivers to return. But will it be enough to get drivers back on the roads?

Cover Previews: The New Yorker – September 6, 2021

Walking Tour: Vernazza – Cinque Terre, Italy (4K)

Vernazza is one of the 5 centuries-old villages that make up the Cinque Terre, on northwest Italy’s rugged Ligurian coast. Colorful houses surround its small marina. The Santa Margherita di Antiochia Church has a bell tower topped by an elegant cupola. Clinging to the rocks, Doria Castle is a medieval defensive structure with a cylindrical tower. The Belforte bastion is just below it.

Architectural Views: MAAT Museum In Lisbon

MAAT – Museum of Art, Architecture and Technology is the new cultural centre for Lisbon. It’s a museum where these three areas intertwine within a space of debate, discovery, critical thinking and international dialogue.

 It’s an innovative project which establishes a connection between the new building, designed by Amanda Levete Architects’ studio, and Central Tejo Power Station, one of Portugal’s most prominent examples of industrial architecture from the first half of the 20th century, and one of the most visited museums in the country.

MAAT’s ambition is to present national and international exhibitions by contemporary artists, architects and thinkers. The programme will also include various curatorial perspectives on EDP Foundation’s private Art Collection, reflecting current subject matters and trends.

Morning News: Hurricane Ida Hits Louisiana, Safe Stocks, Remote Work

A.M. Edition for Aug. 30. New Orleans is without electricity after Hurricane Ida slams the region 16 years after Hurricane Katrina. 

WSJ markets reporter Caitlin Ostroff explains why utilities and healthcare are among the S&P 500’s top-performing groups this quarter. Plus, WSJ’s Chip Cutter discusses the concern among bosses as remote work may now last two years.

Walking Tours: Athens – Southeastern Greece (4K)

Athens is the capital of Greece. It was also at the heart of Ancient Greece, a powerful civilization and empire. The city is still dominated by 5th-century BC landmarks, including the Acropolis, a hilltop citadel topped with ancient buildings like the colonnaded Parthenon temple. The Acropolis Museum, along with the National Archaeological Museum, preserves sculptures, vases, jewelry and more from Ancient Greece.